These days, with increased processing power and standards adoption generally available, we really have been able to push the weight of websites.
Conversely, battery powered devices and sketchy wideband internet access are growing rapidly.
Sure, we have the power, but it's becoming apparent that at this scale effeciency is very important. More users than ever want more content faster than ever.
Globalized (literally) asset sharing, with technologies like digest references in script and link tags could make a big difference. Why not even pre-package really popular stuff (jQuery, Helvetica, etc) with the browser or OS?